The startup is expected to raise the funds at a valuation of $5 billion, the people said requesting anonymity. The latest fundraising plans come on the heels of Mohalla Tech raising almost $647 million this year. The July fundraise valued Mohalla Tech at $2.88 billion, up from the $2.1 billion valuation it was ascribed in April. Mohalla Tech did not respond to emailed queries from Mint. Mint first reported on 12 October that Mohalla Tech was in talks to acquire Times Internet-owned MX TakaTak.

Source: Mint November 22, 2021 19:23 UTC